Jun 29, 2022 | Banks & Credit Unions, Congressional Legislation, News
House Financial Services Committee Pulls Bill Limiting Overdraft Practices Two sources have told American Banker that the House Financial Services Committee (HFSC) recently set aside the Overdraft Protection Act, a bill introduced by Representative Carolyn Maloney...
Jun 13, 2022 | Congressional Legislation, News
Rate Cap Campaign Announces Enough Signatures to Put Initiative on Michigan Ballot Earlier this month, a campaign dedicated to capping annual interest rates on loans at 36 percent in the state of Michigan announced it had collected more than 575,000 signatures and...
Jun 3, 2022 | Congressional Legislation, News
Louisiana Governor Vetoes Installment Lending Bill After passing Louisiana’s House of Representatives on May 10 and State Senate on May 16, Louisiana Governor John Bel Edwards has vetoed SB381, the Louisiana Credit Access Loan Act. The legislation would have allowed...
May 27, 2022 | Congressional Legislation, Federal Regulation, News
Senators Author Bipartisan Plan to Create Oversight Body For Emerging Financial Technologies Senators Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.) are set to release draft legislation on digital assets, which will be open for a month-long public comment...
May 16, 2022 | Banks & Credit Unions, Congressional Legislation, News
Bipartisan Group of 24 Senators Urge Congressional Leadership to Move SAFE Act Last week, a bipartisan group of two dozen Senators sent a letter to Congressional leadership asking for the SAFE Act—a cannabis banking reform bill—to be included in the final America...
May 4, 2022 | Congressional Legislation, News
Senate Banking Subcommittee Holds Hearing on Overdraft Fees Today, the Senate Banking Committee’s Subcommittee on Financial Institutions and Consumer Protection met for a hearing entitled “Examining Overdraft Fees and Their Effects on Working Families.” The hearing...
